Highlights:
- The listing on the First Multiple Listing Service shows:
- 10,532 square feet
- Price per sq.ft. based on primary above ground floors = $1,186 / sq. ft
- Price per sq.ft. based on total finished area all floors = $760 / sq. ft
- Closed on December 23, 2024
- Sold at List Price at $8,000,000 ( was actually listed originally at $9,950,000 )
- Sold in 778 days (was actually 1,791 days)
- A glance at the FMLS archives shows that this property has been on the market since October of 2018. If you manually add up the days on market from the previous listings, that total comes in at 1,791 days. So why the discrepancy? There was a gap of of about a year which is long enough to disconnect the history in FMLS.
Zillow Data
Once a property sells, I cannot find any specific days on market number showing how long it was on the market. You can drill down into the history though and follow the journey manually.
What about the Square Footage?
I have learned that square footage numbers are highly suspect in the Atlanta residential home marketplace. So that price per square foot you see online, probably useless.
According to Compflo (an appraisal database I subscribe to) there is a previous appraisal record with sketches and a breakdown of the square footages:
- The above ground main finished floors area = 6, 747 sq. ft.
- The basement (total) = 4,209 sq. ft.
- Finished area in the basement = 3,785 sq. ft.
- Total finished area (all levels) = 10,532 sq. ft. [CHECK]
- Price per sq.ft. based on primary above ground floors = $1,186 / sq. ft
- Price per sq.ft. based on total finished area all floors = $760 / sq. ft
Bottom Line
When hiring a real estate advisor to help you with the sale of your luxury home in Atlanta, make sure the people you are interviewing are thoroughly researching the comparable sales and are giving you accurate assessments of what it took those properties to sell so you can make well-informed decisions on yours.
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